Archive for the ‘Chinese Coin News’ Category

Ying Yuan – Ancient Chinese Gold Coin

Saturday, March 6th, 2010

Ying Yuan

21 of China’s first gold coins were unearthed in the City of Dafeng in Jiangsu province in April 2009. Recently it has been identified by Jiangsu province’s Bureau of Cultural Relics as the “Ying Yuan” from the Chu state during the period of the Warring States. ‘Ying’ was the name of the Chu capital and ‘Yuan’ was the currency unit of weight. With a history of about 2,500 years, these gold coins are China’s earliest discovered coins.

According experts at the Jiangsu Bureau of Cultural Relics, these ‘Ying Yuan’ were unearthed at the Friendship village in Liuzhuang township in the City of Dafeng. The coins vary in size but have consistent thickness, weighing 175 grams. The characters ‘Ying Yuan’ are stamped on the coin surface using the square seal script calligraphic style. These coins were circulated and widely used in the Chu state during the period of the Warring States.

After appraisal work performed by a specially appointed team of experts by the Jiangsu province Bureau of Cultural Relics, the place of origin of the excavated coins is clear. These widely circulated “Ying Yuan” had been chiselled and engraved, and provides important value for the research of coins of the Warring States period as well as insight into how “Ying Yuan” were used. Previously in 1982, “Ying Yuan” were unearthed in the county of Xuyi in Jiangsu Province. Those were still intact in rectangular blocks not having been cut or circulated… Read the Full Story

PRC Central Bank Issuing three Circulated Commemorative Coins

Tuesday, February 9th, 2010

The issuance of a series of circulated commemorative coins, one of each comprised of Lunar Year celebration, “He” character or “harmonious” calligraphy and environmental protection by the People’s Bank of China will take place on November 26, 2009.

1. Ordinary Commemorative Coin Design

A. 2009 Lunar Year Circulated Commemorative Coin – On the front of the coin is printed “People’s Bank of China”, “1 Yuan” and the Chinese pinyin “YIYUAN” as well as the year “2009”. The back design is that of a flute-playing Chinese boy wearing traditional Chinese costume. In his background is the treasure-saddled golden cow. Along the lower edge “Ji Chou” is printed.

B. “He” Calligraphy Ordinary Circulated Commemorative Coin – The frontal design of this coin is the national emblem with the Chinese characters “One Yuan” printed. “People’s Republic of China” is printed along the upper edge while the lower edge is printed year “2009”. The character “He” meaning harmonious is found on the back of the coin in the Zhuan calligraphy style typically used on seals. Multiple calligraphy styled “He” characters are printed along the lower left edge. The back design is accentuated by the background of the “flying white” calligraphy technique.

C. Environmental Protection Ordinary Circulated Commemorative Coin – The frontal design of this coin is the national emblem with the Chinese characters “One Yuan” printed. “People’s Republic of China” is printed along the upper edge while the lower edge is printed year “2009”. The back of the coin presents an abstract design of an eye, leaf and the planet Earth, expressing the human attention to the natural environment upon which human survival is dependent. “Environmental protection” is printed along the edge on the right side.

Read the full story

New U.S. Import Restrictions Imposed on Chinese Coins

Monday, March 9th, 2009

Published on the Federal Register and brought to light through the Ancient Coin Collectors Guild (ACCG), new U.S. import restrictions have been imposed on many ancient Chinese coins and other artifacts.

The Federal Register, which is the official source for notices by government agencies, published the State Department’s final rule that amends U.S. Customs and Border Protection (CBP) regulations to impose import restrictions on the following Chinese coins:

Zhou Media of Exchange and Tool-shaped Coins: Early media of exchange include bronze spades, bronze knives, and cowrie shells. During the 6th century BC, flat, simplified, and standardized cast bronze versions of spades appear and these constitute China’s first coins. Other coin shapes appear in bronze including knives and cowrie shells. These early coins may bear inscriptions.

Later, tool-shaped coins began to be replaced by disc-shaped ones which are also cast in bronze and marked with inscriptions. These coins have a central round or square hole.

Qin: In the reign of Qin Shi Huangdi (221-210 BC) the square-holed round coins become the norm. The new Qin coin is inscribed simply with its weight, expressed in two Chinese characters ban liang. These are written in small seal script and are placed symmetrically to the right and left of the central hole.

Han through Sui: Inscriptions become longer, and may indicate that inscribed object is a coin, its value in relation to other coins, or its size. Later, the period of issue, name of the mint, and numerals representing dates may also appear on obverse or reverse. A new script, clerical (lishu), comes into use in the Jin.

Tang: The clerical script becomes the norm until 959, when coins with regular script (kaishu) also begin to be issued.

Under the new rules, anyone entering the U.S. with such coins must have a valid Chinese export certificate or certifications proving the coins left China before the effective date of the new rule (January 16, 2009).

The FR notice indicates the restrictions were imposed “pursuant to an agreement between the United States and China.”

The ACCG said in a statement that questions remain and that it will seek more information on the restrictions as part of its ongoing Freedom of Information Act lawsuit against the State Department.

“Based on materials received to date, there remains a serious question whether China actually asked for coins to be included in the request, or whether bureaucrats within the State Department’s “Cultural Heritage Center” added them on their own or at the behest of American archaeologists,” the ACCG noted.

The ACCG is a non-profit organization committed to promoting the free and independent collecting of coins from antiquity.

2009 Chinese Gold & Silver Panda Coins

Sunday, February 8th, 2009

2009 Chinese Gold & Silver Panda Coins were  issued on November, 28 2008.  There are total 7 gold and 3 silver pandas this year:

Gold
1/20oz 14mm 20 Yuan 99.9% BU 100000
1/10oz 18mm 50 Yuan 99.9% BU 100000
1/4oz 22mm 100 Yuan 99.9% BU 60000
1/2oz 27mm 200 Yuan 99.9% BU 60000
1oz 32mm 500 Yuan 99.9% BU 160000
5oz 60mm 2000 Yuan 99.9% Proof 1000
1 kilo 90mm 10000 Yuan 99.9% Proof 200

Silver
1oz 40mm 10 Yuan 99.9% BU 600000
5oz 70mm 50 Yuan 99.9% Proof 10000
1 kilo 100mm 300 Yuan 99.9% Proof 4000